Market Performance
| Asset / Index | Value ($) | Daily Change (%) |
|---|---|---|
| Bitcoin (BTC) | 115,820.0 | +1.15% |
| Ethereum (ETH) | 4,217.48 | +1.41% |
| Bitcoin Spot ETF | +90.6M | Net Inflow |
| Ethereum Spot ETF | −93.6M | Net Outflow |
| Nasdaq (NAS100) | 25,664.9 | +1.20% |
| S&P 500 (SPX) | 6,791.68 | +0.79% |
| Russell 2000 (RUT) | 2,543.0 | +0.15% |
| U.S. Dollar Index (DXY) | 98.946 | +0.01% |
| VIX Volatility Index (VIX) | 15.72 | −3.91% |
| U.S. 10-Year Treasury Yield (US10Y) | 4.041 | +0.95% |
| Brent Crude Oil (BRENT) | 65.155 | +0.17% |
| LBMA Gold (XAU) | 4,069.485 | −1.09% |
| LBMA Silver (XAG) | 48.1875 | −0.98% |
Today’s Key Events
- “Financial Street Forum” Annual Conference (October 27-30)
- Trump Visits Japan.
- US Durable Goods Orders
- Germany IFO Index
US-China Trade Talks Reach Preliminary Framework Agreement
The US and China have agreed on a preliminary framework to be submitted for approval by their leaders. The agreement includes China purchasing large quantities of soybeans from the US, maintaining restrictions on rare earth exports, and the US continuing shipbuilding and port restrictions. The parties will finalize the details and proceed to the final approval process at Thursday’s leaders’ meeting.
US Launches Investigation on Grounds that China is Not Complying with the 2020 Trade Agreement
The U.S. Trade Representative has launched a new Section 301 investigation alleging that China is not complying with the 2020 “Phase One” trade agreement. The public comment period will run from October 31 to December 1, with a hearing scheduled for December 16.
Trump Halts Trade Talks with Canada
Trump ended all trade negotiations by imposing a 10% tariff on Canadian imports. This decision came after Canada launched an ad campaign criticizing Trump’s tariff policies, using Ronald Reagan’s words. The Ontario government announced that talks have been suspended but could resume.
Russia-Ukraine Peace Talks Remain Uncertain
Russia’s special representative Dmitriev arrived in Washington to hold talks with US officials on bilateral relations. However, the EU rejected the use of frozen Russian assets as credit financing for Ukraine due to Belgium’s objection. The US emphasized that Europe must play a more active role before new sanctions are imposed.
Bessent: US Rejects Plan for 100% Tariffs on China
US Treasury Secretary Scott Bessent announced after two days of talks with China in Kuala Lumpur that the US is no longer considering plans to impose 100% tariffs on Chinese goods. The talks were the fifth face-to-face consultation this year, and an agreement was reached on an “important framework agreement.” The parties are preparing to submit the agreement for approval by their leaders.
Digital Yuan Transaction Volume Exceeds 14 trillion Yuan
According to data from the People’s Bank of China, the cumulative transaction volume of the digital yuan reached 14.2 trillion yuan as of September 2025. A total of 225 million personal digital wallets were opened, with 3.32 billion transactions completed. The bank emphasized that the digital yuan is steadily being rolled out nationwide.
Opinion Surpasses Polymarket with $169 Million Trading Volume
According to Dune Analytics data, the on-chain prediction platform Opinion reached a volume of $169.2 million in just two hours of trading on October 25. It thus surpassed Polymarket to become the prediction market with the highest daily trading volume.
Bitplanet Launches Bitcoin Treasury Plan
South Korean public company Bitplanet announced its 10,000 BTC corporate treasury plan. The company, which purchased 93 Bitcoins on the first day, announced this strategy at the Bitcoin Asia Conference in August 2025 and raised $40 million in funding.
CZ: Stablecoins Support the Real Economy
In an interview with Caixin, CZ stated that stablecoins support not only cross-border payments but also the real economy. He emphasized that funds invested in government bonds support government financing and encourage innovation in the energy and technology sectors.
Openmarkets to Raise $50 Million for DeFi and International Expansion
Australia-based fintech firm Openmarkets Group plans to raise $50 million in capital for its entry into the DeFi space and global expansion goals. The company will expand its crypto trading, tokenization, and digital treasury management services by entering the Singapore, Hong Kong, and US markets.
Pudgy Penguins Partners with DreamWorks
NFT project Pudgy Penguins announced a collaboration with DreamWorks Animation’s Kung Fu Panda brand. The partnership aims to expand branding and integrate digital characters with physical products.
Binance to Support MANTRA and MultiversX Network Upgrades
Binance announced it will provide technical support for the MANTRA ($OM) and MultiversX ($EGLD) network upgrades. $OM deposits and withdrawals will be temporarily suspended as of October 27 at 15:51 GMT+8.
Western Union Launches Stablecoin Pilot Program
Western Union has announced a new pilot program testing on-chain stablecoin payments. The goal is to increase transparency in remittance transactions and reduce dependence on intermediary banks. The company processes over 70 million transactions per quarter.
Solana Founder Toly: “Layer2 Has Not Taken Over Ethereum’s Security”
Solana founder Toly rejected the claim that Layer2 networks “take over Ethereum’s security.” Toly argued that L2s share the same validator revenue risks and do not technically inherit L1 security fully.
Over $650 Million in Tokens to Unlock This Week
According to Tokenomist data, significant token unlocks totaling over $653 million will occur in the next 7 days. These include major projects such as $SUI, $GRASS, $EIGEN, $JUP, $SOL, $WLD, and $DOGE.
